you gotta taste this soup. >>> president obama and house speaker john became trying to negotiate a grand bargain. what can we learn from their failure in 2011 to help us predict whether they can do it better this time around? joining us is bill daley, former chi of staff to president obama and commerce secretary during the clinton years. thanks very much. great to see you again, bill. well, the word that they -- >> nice to see you again. >> the word that they finally got together one-on-one this weekend, how important is that that they cleared the room of all their seconds? >> i think it's extremely important. we are down to the final three weeks, and as the congressman said, there's a lot to be done in the short period. these are complicated issues. i know a lot of times we want to simplify them, but the fact that the two principles, and it really is the president and the speaker, who will do this deal, spent some time alone having seen the two of them in the past when we went through the 2011 negotiations, they have respect for each other. they like each other. they will be able to do